Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $73.96, but opened at $78.10. Liberty Broadband shares last traded at $77.98, with a volume of 25,006 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on LBRDA shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities lowered shares of Liberty Broadband from a "buy" rating to a "neutral" rating and increased their price target for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.
View Our Latest Research Report on LBRDA
Liberty Broadband Stock Performance
The business has a 50 day moving average price of $78.30 and a two-hundred day moving average price of $74.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $10.74 billion, a P/E ratio of 13.85 and a beta of 1.07.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.66). The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period last year, the business earned $1.10 EPS.
Insider Buying and Selling
In related news, CEO Gregory B. Maffei sold 125,000 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 196,542 shares of company stock valued at $15,834,108 over the last three months. Corporate insiders own 14.19% of the company's stock.
Institutional Investors Weigh In On Liberty Broadband
Large investors have recently bought and sold shares of the business. Franklin Resources Inc. purchased a new position in Liberty Broadband in the third quarter worth about $30,000. GAMMA Investing LLC grew its position in Liberty Broadband by 161.8% during the third quarter. GAMMA Investing LLC now owns 631 shares of the company's stock valued at $48,000 after buying an additional 390 shares during the period. Paloma Partners Management Co bought a new position in Liberty Broadband in the third quarter worth approximately $54,000. Glenmede Trust Co. NA boosted its stake in shares of Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock worth $76,000 after acquiring an additional 533 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at $79,000. 10.29% of the stock is currently owned by institutional investors.
About Liberty Broadband
(
Get Free Report)
Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.
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